A.J. Zottola, partner, and Channing Gatewood, associate, of Venable's IP Transactions Practice Group, recently published a LexisNexis practice note on smart contracts. The following is an excerpt:
This practice note provides a current overview of smart contracts and considerations for those interested in implementing smart contracts in their business. The note explains what a smart contract is, how it is used, and how it differs from a traditional contract. In addition, the note reviews current case law as well as state statutes and regulations addressing smart contracts. Finally, the practice note considers current and potential future uses of smart contracts.